That’s exactly what you should do – set the Reset Data Interval to 1 day.
It will remove daily records after 24 hours.
What is kept in the DB is the daily, weekly, monthly and yearly total views count.

But the size of the views table should not impact the performance of your database. This table is not used for anything WP related except for the PVC functionality. It does increase number of records in the DB (which is obvious) and this number can be high, but the size of data stored is super small (by design) to keep your DB lightweight.

Hope this expains things